Medicare Supplements Plans New Jersey
On this page we help consumers: Compare 2020 Medicare Supplement plans in NJ. See Medigap premiums and reviews, including Plan F, G, and N. View a complete Medicare Supplement Plans Comparison Chart with all plans, carriers, and rates.
Which New Jersey Medicare Supplement is Best for Me?
Three out of four New Jersey seniors agree: Original Medicare and a Medicare Supplement give them the best health insurance coverage available. It all comes down to choice and control. But, which Medigap plan is best for you?
We're all different, and so are our health needs and budget. What's best for you is very different than what's best for your neighbors, or even your spouse. It all comes down to what you can afford and your health. That said, you can narrow your search to what's most popular, plans: F, G and N. Read on to learn why.
| Insurance Carrier | Plan F | Plan G | Plan N | Rating | |
|---|---|---|---|---|---|
| AARP | $163.44 | $140.88 | N/A |  |
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| Aetna | $166.27 | $142.28 | N/A |  |
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| Americo Life | $165.67 | $137.14 | N/A | |
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| AmeriHealth New Jersey | $169.77 | N/A | N/A |  |
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| Bankers Fidelity | $163.46 | $135.73 | N/A | |
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| Central States | $215.42 | $168.42 | N/A | |
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| Colonial Penn | $174.94 | N/A | N/A | |
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| Combined Insurance | $172.38 | $146.11 | N/A | |
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| Equitable National | $168.24 | $131.54 | N/A | |
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| Gerber Life | $209.34 | $171.94 | N/A | |
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| Greek Catholic Union | $175.46 | $144.22 | N/A |  |
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| Horizon Blue Cross and Blue Shield of New Jersey | $204.18 | $193.25 | N/A | |
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| Humana | $195.65 | N/A | N/A | |
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| IAC | $183.27 | $135.01 | N/A | |
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| Liberty Bankers Life | $163.14 | $130.03 | N/A | |
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| Loyal American | $154.75 | $133.16 | N/A | |
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| Loyal Christian | $174.19 | $144.25 | N/A | |
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| ManhattanLife | $160.50 | $135.42 | N/A | |
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| MassMutual | $173.81 | $139.10 | N/A | |
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| National Guardian Life | $179.20 | $137.42 | N/A | |
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| Omaha Insurance Company | $164.60 | $136.26 | N/A | |
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| Philadelphia American | $182.67 | $140.09 | N/A | |
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| Polish Falcons of America | $160.92 | $130.76 | N/A | |
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| Renaissance Life | $167.65 | $136.86 | N/A | |
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| Reserve National | $168.31 | $147.20 | N/A | |
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| SBLI USA Life | $166.82 | $136.04 | N/A | |
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| Shenandoah Life | $169.42 | $133.75 | N/A | |
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| Thrivent | $170.47 | $133.44 | N/A | |
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| Transamerica | $197.68 | $129.85 | N/A | |
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| United American | $210.00 | N/A | N/A | |
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Compare Plan RatesThe average New Jersey senior compares three or more quotes before making an enrollment decision. |
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Top 10 Medicare Supplement Plans in New Jersey
Looking for the best Plan F, G or N available to New Jersey seniors?
- 10 Best Medicare Supplement Plan F
- 10 Best Medicare Supplement Plan G
- 10 Best Medicare Supplement Plan N
New Jersey Medicare Supplement Plan F Comparison Chart
Medicare Supplement Plan F is the most popular Medigap plan available in New Jersey. Here are the 10 best Plan F policies available in New Jersey based on our reviews (click for details):
| Carrier | Premium[3] | Fee | Review[4] |
|---|---|---|---|
| AARP | $163.44 | None | |
| Omaha Insurance Company | $164.60 | None | |
| Reserve National | $168.31 | None | |
| Thrivent | $170.47 | $25.00 | |
| MassMutual | $173.81 | None | |
| Loyal American | $154.75 | $20.00 | |
| ManhattanLife | $160.50 | $25.00 | |
| Liberty Bankers Life | $163.14 | $25.00 | |
| Bankers Fidelity | $163.46 | $25.00 | |
| Americo Life | $165.67 | None | |
New Jersey Medicare Supplement Plan G Comparison Chart
Medicare Supplement Plan G is rapidly gaining popularity among New Jersey seniors. With Plan F going away in 2020, it is expected to be the new gold standard. Here are the 10 best Medigap Plan G policies available in New Jersey based on our reviews (click for details):
| Carrier | Premium[3] | Fee | Review[4] |
|---|---|---|---|
| Thrivent | $133.44 | $25.00 | |
| Omaha Insurance Company | $136.26 | None | |
| MassMutual | $139.10 | None | |
| AARP | $140.88 | None | |
| Reserve National | $147.20 | None | |
| Liberty Bankers Life | $130.03 | $25.00 | |
| Loyal American | $133.16 | $20.00 | |
| ManhattanLife | $135.42 | $25.00 | |
| Bankers Fidelity | $135.73 | $25.00 | |
| Americo Life | $137.14 | None | |
| NOTE: Medigap Plan G is identical to Plan F, with one exception. A Plan G policy does not pay your Medicare Part B annual deductible. In many cases the annual cost of Plan G makes it a better deal. | |||
Medicare Supplement Plan Reviews
We review all major Medigap insurance carriers selling Medigap policies in New Jersey. Our 5-star ratings are unbiased. We use a complex formula that evaluates years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. Currently, our formula does not take rate increase history into account, so be sure to ask your agent for this information.
Our analysis of Medicare Supplement Plans in New Jersey are based on a statewide review, not national. We recommend consumers use our 5-star ratings as one aspect of their decision making process. It helps compare insurance carriers at-a-glance.
Medigap Rates (Premiums)
We list monthly premiums for all Medigap plans offered by Medicare Supplement carriers in New Jersey. Rates are samples based on a 65 year old, non-smoking woman and include applicable household discounts. Use our rates for comparison purposes only. Your actual rate will be based on where you live, your age, sex and use of tobacco products.
Medigap Plans are Standardized Medicare Supplements
New Jersey Medicare Supplement insurance carriers are required to adhere to state and federal laws that are designed to protect consumers. Medigap plans must be clearly identified as Medicare Supplement Insurance. Each standardized Medicare Plan is identified by letters A through N and must offer the same identical benefits as all other plans with the same letter. The only variance is the monthly premium.
NOTE: Medigap, Medicare Supplements and Medicare Plans are all names used interchangeably for supplemental insurance that fill the gaps in Original Medicare coverage.
All New Jersey Medicare supplement policies offer the same basic benefits, however, some offer additional gap coverage. This allows you to choose the amount of insurance you need.
Each insurance company decides which policies it wants to sell, although state laws might affect which ones they offer. Insurance companies that sell Medicare supplemental insurance:
- Don't have to offer every Medigap plan
- Must offer Medigap Plan A if they offer any Medigap policy
- Must also offer Plan C or Plan F if they offer any plan
For more information, visit the New Jersey Department of Insurance website at http://www.dobi.nj.gov/.
Is Medicare Supplement Plan F the Best Medicare Plan in New Jersey?
Even though Medicare Plan F is the most expensive, it is the most popular. More than half of all New Jersey seniors with Medigap coverage choose Plan F. The overwhelming reason is that it offers peace-of-mind with complete inpatient and outpatient gap coverage.
IMPORTANT: If you need the financial protection of Plan F, you must buy a policy prior to January 2020. Congress voted to do away with Medicare Supplement Plan F. Insurance carriers are no longer able to sell these polices after December 31, 2019.
RELATED: Medicare Plan F: What Does this Medicare Supplement Offer?
What About the AARP Medicare Supplement: Is it the Best New Jersey Medigap Plan?
Best is a relative term. To be sure, AARP sell more Medicare Supplements than any other insurance carrier. That said, AARP Medigap Plans, underwritten by United Healthcare, have the same benefits and features as all other standardized supplements. The real difference is the monthly premium, how often rates increase, and the financial stability of the insurance carrier.
In our experience, AARP Medicare Supplement premiums are frequently more than competing carrier in the same area. However, in many areas UHC has a competitive advantage with their Medicare SELECT plans. Ask your agent about Medicare SELECT options in your area.
AARP sells a range of Medicare supplements, however, Plan F, Plan G and Plan N are the most popular. You can quickly see the coverage differences between these plans using the comparison chart below.
Med Supp Plan Comparison Chart
The following Medicare Supplement Plans Comparison Chart offers a quick look at the benefits provided by each Medigap policies.
| Medigap Benefits | A | B | C | D | F* | G | K | L | M | N |
|---|---|---|---|---|---|---|---|---|---|---|
| Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefifits are used up | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Medicare Part B Coinsurance or Copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes** |
| Blood (First 3 Pints) | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Part A Hospice Care Coinsurance or Copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Skilled Nursing Facility Care Coinsurance | No | No | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Medicare Part A Deductible | No | Yes | Yes | Yes | Yes | Yes | 50% | 75% | 50% | Yes |
| Medicare Part B Deductible | No | No | Yes | No | Yes | No | No | No | No | No |
| Medicare Part B Excess Charges | No | No | No | No | Yes | Yes | No | No | No | No |
| Foreign Travel Emergency (Up to Plan Limits) | No | No | Yes | Yes | Yes | Yes | No | No | Yes | Yes |
| Out-of-Pocket Limit*** | None | None | None | None | None | None | $5,240 | $2,620 | None | None |
* Medicare Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,240 before your Medigap plan pays anything.
** Medicare Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don't result in an inpatient admission.
*** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.
Medicare Supplements vs Medicare Advantage
Still wondering if a Medicare Supplement is the right way to go? Considering Medicare Advantage to cut costs? For many seniors in New Jersey it's a difficult decision. Here are a couple things to consider.
First, understand the difference between Medigap and Medicare Advantage plans available in New Jersey. A Medigap plan fills gaps in your Original Medicare benefits. A Medicare Advantage plan may have a similar effect, but it replaces your Original Medicare benefits with managed care, reducing your options.
Second, if you need the most choices and flexibility, Original Medicare combined with a Medicare Supplement and a New Jersey Medicare Part D plan is the best coverage you can get.
RELATED: Medicare Advantage vs. Medigap: Which Is Best?
Need Local Help?
The State Health Insurance Assistance Programs (SHIPs) provide free, one-on-one insurance counseling and assistance to Medicare beneficiaries, their families and caregivers. The New Jersey SHIP is a grant-funded project of the federal U.S. Department of Health and Human Services (HHS). You can reach them by phone or on their website:
- 1-800-792-8820 (in state only); 1-877-222-3737 (out of state)
- http://www.state.nj.us/humanservices/doas/services/ship/index.html
Additional Foot Notes
[3] Sample premium is for a 65 year old, non smoking, woman living in New Jersey. The rate was accurate on date of publication. Rates change frequently and they are priced by county. You must contact a licensed agent to get a current rate for your situation.
[4] Review rating stars are derived from MedicareWire reviews on our Medigap Plan pages.
The Medicare Supplement information on this page originates from CMS Data Files, is maintained by David Bynon, and was last updated on .